Death comes to us all. Life's but a walking shadow | Below are three charts of the Dow, S&P & Nasdaq covering the past year. Notice anything interesting? In late summer as the hysteria over the Fed interest rate increase reached a crescendo all three indicators dropped to a new lower level and stayed there until the Fed announcement. If you assume that the market priced in the interest rate increase only to back it out last fall does the new level simple reflect that 0.25% rate increase? That presumes that China's slowdown is already factored in. It wil be interesting to see what happens as we come up to the next rate increase. Is it possible that the 0.25% increase is worth the decline of the Dow from 18,000 to 16,000 (2,000) or 11%? That would be too easy.
 (dowIndex.png)
 (S&P index.png)
 (Nasdex.png)
Attachments
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 dowIndex.png (66KB - 26 downloads)
S&P index.png (56KB - 32 downloads)
Nasdex.png (49KB - 24 downloads)
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Stock market ??
